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サマリー
あらすじ・解説
In this episode of the Gold Exchange podcast, two experts on monetary mechanics debate de-dollarization.Brent Johnson, head of Santiago Capital and the creator of the Dollar Milkshake Theory argues that systemic de-dollarization without chaos is nearly impossible due to the entrenched dollar-based debt system.Robert Murphy, a Senior Fellow with the Mises Institute and the chief economist at infineo, argues that a shift in preferences away from the US dollar is already underway without causing major defaults.Bob and Brent explore the implications of these perspectives on global finance, the potential role of gold going forward, and the resilience of the US dollar amidst rising geopolitical and monetary tensions.Additional ResourcesEarn Interest on Gold and SilverBob MurphyBrent JohnsonHow to Earn Passive Income in Gold and SilverWorld's first gold bondPodcast Chapters00:00 - Intro to the Gold Exchange Podcast01:00 - Guest Introductions: Bob Murphy and Brent Johnson01:50 - Overview of De-dollarization Perspectives 03:41 - Brent's Perspective on De-dollarization Impact04:56 - Bob's Perspective on De-dollarization 06:50 - Clarifying the Exogenous vs. Endogenous Debate08:01 - Brent's Explanation of Systemic Deleveraging 11:08 - Bob's Rebuttal: Asset vs. Liability Dynamics 13:44 - The Role of the US Dollar in Global Markets 18:53 - Discussion on the Dollar's Resilience25:18 - The Euro-dollar Market and Network Effects 32:19 - Market-Based Solutions for Currency Alternatives39:12 - The Role of Gold and Other Assets 45:02 - The Future of the Dollar and Financial Systems57:40 - Closing Remarks and Future Outlook